DUBAI/WAM Al Ansari Financial Services (AAFS) has signed a Sales and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L., (BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a total acquisition purchase price of US$200 million (AED735 million). AAFS plans to secure financing under customary market terms to finance the acquisition. The acquisition …

ABU DHABI/WAM The Abu Dhabi Business Centre at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 12 new economic activities to the Tajer Abu Dhabi (Abu Dhabi Trader) licence, allowing investors to obtain an economic licence without the need to work from a physical location or to pay rent on commercial space for three years. ADDED …

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday met with Gabriel Boric Font, President of Chile, at Al Shindagha Majlis. During the meeting, the two leaders discussed ways to further enhance relations between the UAE and Chile, especially in the areas of trade, investment and …